FAQs

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• When was the LEX HCFSA carryover effective? Open Closed

  Carryover became effective with the 2015 benefit period, which began January 1, 2015. … Read more…the full answer

• Why was carryover selected to replace the grace period? Open Closed

  When surveyed by OPM, FSAFEDS participants preferred carryover, and OPM determined that carryover provided the best protection against forfeitures for most participants. Rather than only having 2 1/2 months to incur expenses to deplete y… Read more…the full answer

• Who is eligible for carryover? Open Closed

  To be eligible for carryover, participants must have enrolled during Open Season or as a new hire during the year and … Read more…the full answer

• How does carryover impact a LEX HCFSA? Open Closed

  The most significant change is that expenses reimbursed with carryover funds must be incurred between January 1 (or your effective date) and December 31 (or your separation date). In addition, you must reenroll each year to have access to any car… Read more…the full answer

• Does a carryover count against the $3,300 maximum I'm able to contribute to my LEX HCFSA next year? Open Closed

  Good news! No. You can still contribute up to $3,300 even if you carry over $660 from the previous plan year.… Read more…the full answer

• Can I elect not to have a carryover account? Open Closed

  All LEX HCFSA participants with a remaining balance who reenroll will be set up with a carryover account - it cannot be waived. You will still be able to be reimbursed from the carryover account for your prior year expenses as long as eligible exp… Read more…the full answer

• What type of expenses are eligible for reimbursement with funds that are carried over? Open Closed

  Carryover funds can be used for the same eligible dental, and vision expenses that are covered with your Limited Expense Health Care FSA. For a complete listing of eligible expenses, please refer to … Read more…the full answer

• What is the eligible period for incurring expenses towards my LEX HCFSA with carryover? Open Closed

  Expenses must be incurred January 1 - December 31 in a benefit period (plan year). There is no longer additional time to incur expenses. Rather, balances of $660 or less will be carried over to the next year. You will be able to carry over t… Read more…the full answer

• How do I know I have a carryover balance? Open Closed

  Simply log in to your online account of the FSAFEDS app. Your account balance, including your carryover balance, … Read more…the full answer

• When do I have access to my carryover funds? Open Closed

  If you reenroll in a Limited Expense Health Care FSA, your carryover funds will be available on the first day of the new plan year - that's January 1. The amount that's carried over is determined at the end of any run-out period for the previous … Read more…the full answer